Camelot loses National Lottery Licence

Camelot has lost its licence to run the National Lottery with the new bidder pledging to give far more cash to good causes. The company, which has run the National Lottery since it was launched 28 years ago, will be replaced by Allwyn Entertainment Ltd as the preferred applicant for the lottery’s next licence, which starts in 2024.

One of the world’s largest lotteries, the National Lottery has raised more than £45bn for 660,000 causes across the UK. As part of its bid Allwyn pledged to donate £38bn to good causes over the next decade, almost equivalent to the £45bn Camelot raised since it began running the national lottery in 1994.

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